Regulation

While the industry waits to see the final, detailed terms of the mortgage servicing settlement, officials released two documents Tuesday summarizing the highlights of the deal.

WASHINGTON – Joseph A. Smith, Jr., who will monitor the 49-state mortgage settlement with the five largest servicers, resigned Tuesday as North Carolina's bank commissioner.

The housing market continues to suffer from a painful and prolonged hangover commensurate with its worst binge in U.S. history and many politicians and Fed officials are anxious for a housing rebound to pull the rest of the economy along.

A quick look at policies, fee revenues and agency budgets in the administration's 2013 proposal - and how it all affects banks.

The Department of Housing and Urban Development has withdrawn a proposed rule that would have allowed government-backed Farm Credit System lenders to make more home loans.

President Obama announced Monday a doubling of a proposed tax on big banks to $61 billion. For the White House, the political appeal is obvious but the proposal itself appears highly unlikely to ever become law.

A U.S. district court has banned a mortgage-relief business that operated a scheme causing consumer losses of nearly $19 million from doing further business.

Rather than wait for government or plaintiff lawyers to find them, banks that were involved in the syndication of mortgage backed securities should control their exposure through a proactive, rigorous self-study program.

Many small banks have never accepted that an exemption from the Durbin amendment will protect them from the measure's roughly 50% cut in debit interchange rates.

Senior Fed officials met Monday in a closed session on Capital One Financial Corp.'s pending acquisition of the U.S. online banking unit of ING Group but did not make a decision. It had delayed a meeting on the deal last week.